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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude
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To: Proud_Infidel who wrote (7477)11/11/1997 9:38:00 PM
From: Ken W  Read Replies (1) of 79382
 
Brian,

Thanks for the question. Doug, James S., Myron or Ivan would be a better person to ask. A reverse head and shoulders pattern is a bullish signal so long as there is not too much dispairity between the shoulders. Once the pattern is complete and the price of the stock rises above the right side of the neck line it will probabaly continue up. The neck line is a reasonably straight line across the bounce in the middle of the (what looks somewhat like a "W".

Hope this helps and I havn't overstepped my bounds.

Ken W
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